A new bill that would ban legislators from trading stocks in public companies is gaining bipartisan support on the Hill.
Sen. Richard Burr, R-N.C., for stock trades made in February 2020 at the start of the Covid pandemic. The Department of Justice declined to press charges. Burr claimed he made the stock trades based on public information available from media reports.“Well, of course it should be carefully watched, but it is difficult to imagine in my job what is not a conflict of interest,” said Sen. Dick Durbin, D-Ill.
Pelosi said she doesn’t hold stocks herself. Her husband, Paul Pelosi, a venture capitalist, would be subject to the new rules. “I just think the American people are kind of tired of the games up here on both sides of the aisle, and they just want to see us do our job, come up here as committed public servants and not get rich day trading,” Roy said.
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